Fact about venues.

whicker · Post by **whicker** » 01 May 2010, 21:41

MGM (as in MGM Vegas Grand etc) are in debt by 4.34 BILLION $. How does that happen, exactly?

slapbangwhallop · Post by **slapbangwhallop** » 02 May 2010, 08:34

whicker wrote:MGM (as in MGM Vegas Grand etc) are in debt by 4.34 BILLION $. How does that happen, exactly?

havent they just shelled out for a massive expantion of the hotel and built a few new towers? That could be the reason.

Poncey · Post by **Poncey** » 02 May 2010, 13:07

MGM film studios don't own the hotel/casino?

RLewis · Post by **RLewis** » 02 May 2010, 19:33

One of the reasons is the new City Center which nearly bankrupted them. Big investment just as the bottom fell out of Vegas property market. Then investors left them in droves, leaving their share price very weak.

http://en.wikipedia.org/wiki/CityCenter

Fact about venues.

Fact about venues.

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Re: Fact about venues.

Re: Fact about venues.